Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2016

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

NOTE 3. OTHER COMPREHENSIVE INCOME

Changes in the balances of each component included in accumulated other comprehensive income (accumulated OCI) are presented below. All amounts are net of tax and exclude noncontrolling interest.

Following our 2015 acquisitions of DIRECTV and wireless businesses in Mexico, we have additional foreign operations that are exposed to fluctuations in the exchange rates used to convert operations, assets and liabilities into U.S. dollars. Since December 31, 2015, when compared to the U.S. dollar, the Brazilian real exchange rate has appreciated 18.9%, the Argentine peso exchange rate has depreciated 16.4% and the Mexican peso exchange rate has depreciated 6.2%.

		Foreign Currency Translation Adjustment			Net Unrealized Gains (Losses) on Available-for-Sale Securities			Net Unrealized Gains (Losses) on Cash Flow Hedges			Defined Benefit Postretirement Plans			Accumulated Other Comprehensive Income
Balance as of December 31, 2015		$	(1,198)		$	484		$	16		$	6,032		$	5,334
Other comprehensive income (loss) before reclassifications			174			(21)			(263)			-			(110)
Amounts reclassified from accumulated OCI			-	1		-	2		19	3		(429)	4		(410)
Net other comprehensive income (loss)			174			(21)			(244)			(429)			(520)
Balance as of June 30, 2016		$	(1,024)		$	463		$	(228)		$	5,603		$	4,814
		Foreign Currency Translation Adjustment			Net Unrealized Gains (Losses) on Available-for-Sale Securities			Net Unrealized Gains (Losses) on Cash Flow Hedges			Defined Benefit Postretirement Plans			Accumulated Other Comprehensive Income
Balance as of December 31, 2014		$	(26)		$	499		$	741		$	6,847		$	8,061
Other comprehensive income (loss) before reclassifications			(185)			34			(449)			-			(600)
Amounts reclassified from accumulated OCI			-	1		(9)	2		17	3		(429)	4		(421)
Net other comprehensive income (loss)			(185)			25			(432)			(429)			(1,021)
Balance as of June 30, 2015		$	(211)		$	524		$	309		$	6,418		$	7,040
1	Translation (gain) loss reclassifications are included in Other income (expense) - net in the consolidated statements of income.
2	(Gains) losses are included in Other income (expense) - net in the consolidated statements of income.
3	(Gains) losses are included in Interest expense in the consolidated statements of income. See Note 6 for additional information.
4	The amortization of prior service credits associated with postretirement benefits, net of amounts capitalized as part of construction
	labor, are included in Cost of services and sales and Selling, general and administrative in the consolidated statements of income
	(see Note 5).